Economic Fallout and Recovery in Latin America

This chapter examines the profound economic repercussions of the COVID-19 pandemic on Latin America and the Caribbean, noting a GDP contraction that was more than double the global average. It discusses the link between stringent lockdown policies, high death rates, and the region's job reliance on sectors requiring face-to-face interaction, such as tourism. Lastly, the chapter critiques fiscal responses in the region and emphasizes the necessity of direct fiscal stimulus for effective economic recovery.